[Form 4] Business First Bancshares, Inc. Insider Trading Activity
Business First Bancshares EVP & Chief Credit Officer Warren McDonald reported a routine equity-compensation tax event.
Rhea-AI Filing Summary
Business First Bancshares EVP & Chief Credit Officer Warren McDonald reported a routine equity-compensation tax event. On March 31, 2026, 1,158 shares of common stock were disposed of at $27.04 per share to satisfy tax obligations, not as an open-market sale. After this withholding, he directly holds 14,195 common shares.
McDonald also holds 9,273 time-based restricted stock units (RSUs) tied to common stock. These include 2,584 RSUs granted on December 12, 2024; 2,715 granted on March 1, 2025; and 3,974 granted on March 2, 2026, all vesting in scheduled installments over future anniversaries of their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,158 shares
Exercise Price or Tax Liability
2 txns
Insider
McDonald Warren
Role
EVP & Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 1,158 | $27.04 | $31K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 14,195 shares (Direct);
Restricted Stock Units — 9,273 contracts (Direct)
Footnotes (1)
- F1. Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; (b) 2,715 time-based restricted stock units granted to the reporting person on March 1, 2025, which will vest in two substantially equal installments on the second and third anniversary of the issuance date; and (c) 3,974 time-based restricted stock units granted to the reporting person on March 2, 2026, which will vest in three substantially equal installments on the first, second, and third anniversary of the issuance date.
Key Figures
Tax-withholding shares: 1,158 shares
Price per share: $27.04 per share
Shares held after: 14,195 shares
+4 more
7 metrics
Tax-withholding shares
1,158 shares
Common stock disposed of on March 31, 2026 for tax withholding
Price per share
$27.04 per share
Value used for 1,158-share tax-withholding disposition
Shares held after
14,195 shares
Direct BFST common stock ownership following the transaction
RSUs underlying shares
9,273 shares
Restricted Stock Units convertible into BFST common stock
2024 RSU grant
2,584 units
Time-based RSUs granted December 12, 2024, vesting in two installments
2025 RSU grant
2,715 units
Time-based RSUs granted March 1, 2025, vesting in two installments
2026 RSU grant
3,974 units
Time-based RSUs granted March 2, 2026, vesting in three installments
Key Terms
Restricted Stock Units, time-based restricted stock units, tax-withholding disposition, payment of exercise price or tax liability by delivering securities
4 terms
Restricted Stock Units financial
"The security title is listed as "Restricted Stock Units" with underlying common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock units financial
"Includes: (a) 2,584 time-based restricted stock units granted on December 12, 2024..."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition" for 1,158 common shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
AI-generated analysis. How Rhea-AI works. Not financial advice.
